The idea that gold has any intrinsic value is idiotic. The term itself is meaningless. Gold can be money but the people that have all the power control and own the gold. Morgan made that quite clear when he proclaimed that gold is the only form of money. We should have a non-elastic currency that ebbs and flows with supply and demand and to allow charity and welfare where producitivuty can not be made or can be enhanced for the individual, such as in rural farm regions.